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Nexstar Broadcasting Group, Inc. (NXST) - Buy, Sell or Hold?

Sector: Consumer Services   Sub-Sector: Broadcasting
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017DojiDojiFri, 24 Nov 2017-0.45%
***Stock database and scans are updated around midnight (New York time) every trading day.
66.50 0.00 (0%) Nov 28 4:00pm EST
Open: 66.50 Range: 64.45 - 66.75 Vol: 637.98K Avg Vol: 719.15K
EPS: 2.43 P/E ratio: 26.24 EBITDA: 608.81M Mkt Cap: 2.95B
Analyze "NXST" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 66.54
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 65.25
Last Trade is above the 50 day moving average at 62.87
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 63.64
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of NXST

Stock Trend Analysis - Buy, Sell or Hold "Nexstar Broadcasting Group, Inc." (NXST)?

NXST is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 64% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation NXST will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 63.64. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "NXST".

The analyst consensus estimates for the 1 year price target for this stock is $84.44* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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